Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

Hancock Holding Keeps Longtime Dividend Steady

In what can hardly be considered a surprise, the company again declares a $0.24 per share payout.

Hancock Holding (NASDAQ:HBHC) is resolutely sticking to its longtime dividend policy. Matching the same common stock payout it's distributed since September 2006, the financial services concern has declared a distribution of $0.24 per share. This is to be paid on September 16 to shareholders of record as of September 5.

The just-declared dividend annualizes to $0.96 per share. That yields 2.9% at Hancock Holding's most recent closing stock price of $32.86.

The dividend announcement comes on the heels of last week's unveiling of Q2 results. For the quarter, the firm posted net income of $46.9 million ($0.55 per diluted share), which bested Q2 2012's $39.3 million ($0.46). Net interest income for the two periods was $171.8 million and $180.3 million, respectively.

Author

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.